Virtus Tax Exempt Bond Fund Price on November 19, 2024
| PXCZX Fund | USD 10.34 0.02 0.19% |
Below is the normalized historical share price chart for Virtus Tax Exempt Bond extending back to June 27, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Virtus Tax-exempt stands at 10.34, as last reported on the 2nd of December, with the highest price reaching 10.34 and the lowest price hitting 10.34 during the day.
If you're considering investing in Virtus Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Virtus Mutual Fund to be very steady. Virtus Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0342, which indicates the fund had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virtus Tax Exempt Bond, which you can use to evaluate the volatility of the fund. Please validate Virtus Tax-exempt's Risk Adjusted Performance of 0.012, semi deviation of 0.145, and Coefficient Of Variation of 1730.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.0062%.
Virtus Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Virtus |
Sharpe Ratio = 0.0342
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| Negative Returns | PXCZX |
Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Virtus Tax-exempt is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Virtus Tax-exempt by adding it to a well-diversified portfolio.
Virtus Tax-exempt Valuation on November 19, 2024
It is possible to determine the worth of Virtus Tax-exempt on a given historical date. On November 19, 2024 Virtus was worth 10.26 at the beginning of the trading date compared to the closed value of 10.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Virtus Tax-exempt mutual fund. Still, in general, we apply an absolute valuation method to find Virtus Tax-exempt's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Virtus Tax-exempt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Virtus Tax-exempt's related companies.
| Open | High | Low | Close | Volume | |
| 10.25 | 10.25 | 10.25 | 10.25 | 1.00 | |
11/19/2024 | 10.26 | 10.26 | 10.26 | 10.26 | 1.00 |
| 10.26 | 10.26 | 10.26 | 10.26 | 1.00 |
| Backtest Virtus Tax-exempt | | | Virtus Tax-exempt History | | | Virtus Tax-exempt Valuation | Previous | Next |
Virtus Tax-exempt Trading Date Momentum on November 19, 2024
| On November 20 2024 Virtus Tax Exempt Bond was traded for 10.26 at the closing time. The highest daily price throughout the period was 10.26 and the lowest price was 10.26 . There was no trading activity during the period 1.0. Lack of trading volume on 11/20/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.58% . |
Virtus Tax Exempt Fundamentals Correlations and Trends
By evaluating Virtus Tax-exempt's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Virtus Tax-exempt's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Virtus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Virtus Tax-exempt Mutual Fund history
Virtus Tax-exempt investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Virtus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Virtus Tax Exempt will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Virtus Tax-exempt stock prices may prove useful in developing a viable investing in Virtus Tax-exempt
The fund seeks to generate current income exempt from federal income taxes by investing in a diversified portfolio with municipal bonds of varying maturities. The management team focuses on higher quality tax-exempt municipal bonds, gauging the value of a security by issue type, credit quality, and bond structure. Under normal circumstances, as a matter of fundamental policy, it invests at least 80 percent of its assets in municipal bonds, the income from which is exempt from federal income taxes.
Virtus Tax-exempt Mutual Fund Technical Analysis
Virtus Tax-exempt technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Virtus Tax-exempt Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Virtus Tax Exempt Bond cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Virtus Tax-exempt December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Virtus Tax-exempt mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Virtus Tax-exempt shares will generate the highest return on investment. By undertsting and applying Virtus Tax-exempt mutual fund market strength indicators, traders can identify Virtus Tax Exempt Bond entry and exit signals to maximize returns
Virtus Tax-exempt Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Virtus Tax-exempt's price direction in advance. Along with the technical and fundamental analysis of Virtus Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Virtus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.012 | |||
| Jensen Alpha | 0.0096 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | (0.01) |
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| Volume Indicators |
Other Information on Investing in Virtus Mutual Fund
Virtus Tax-exempt financial ratios help investors to determine whether Virtus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Virtus with respect to the benefits of owning Virtus Tax-exempt security.
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